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Bankruptcy News Headlines

Phoenix Solar to file for insolvency next week

Phoenix Solar, once one of Germany's largest solar groups during the sector's heyday, on Friday said it would file for insolvency next week after an unnamed U.S. customer demanded payments that exceed the group's funds.

Brazil telecoms regulator rejects Oi shareholder petition

Brazil's telecommunications regulator Anatel said it rejected a petition by Societe Mondiale, a shareholder in Oi SA, to stop Aurelius Capital Management inking a debt restructuring accord with the struggling Brazilian telecoms company.

Key Oi shareholder asks judge to declare Aurelius "abusive"

Société Mondiale, an investment fund with sway over the board of Brazilian telecoms company Oi SA, on Tuesday filed two petitions with the bankruptcy court overseeing the carrier's restructuring process, asking a judge to declare key creditors "abusive."